Registration number: 13169169

First Bloodstock Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

First Bloodstock Limited

Company Information

Director

I McAleavy

Registered office

Maria House 35 Millers Road Brighton East Sussex BN1 5NP

Accountants

Chisnall Comer Ismail and Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

First Bloodstock Limited

(Registration number: 13169169)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	2,100,540	538,350
Current assets
Stocks	5	8,366,390	2,221,235
Debtors	6	3,712,214	1,743,832
Cash at bank and in hand		414,409	282,619
		12,493,013	4,247,686
Creditors: Amounts falling due within one year	7	(15,623,742)	(5,391,015)
Net current liabilities		(3,130,729)	(1,143,329)
Net liabilities		(1,030,189)	(604,979)
Capital and reserves
Called up share capital	9	10,000	10,000
Retained earnings		(1,040,189)	(614,979)
Shareholders' deficit		(1,030,189)	(604,979)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 October 2025



 

.........................................

I McAleavy

Director

First Bloodstock Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of horses and other income in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Intangible assets

Intangible fixed assets which comprise of breeding rights acquired are recognised and carried at cost less accumulated amortisation and any accumulated impairment losses.

First Bloodstock Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

Amortisation

Amortisation is provided on breeding rights on a straight line basis over their estimated useful life of 10 years.

Stocks

Stocks are stated at the lower of cost and net realisable value.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

First Bloodstock Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

4	Intangible assets

	Breeding rights  £	Total £
Cost or valuation
At 1 December 2023	598,167	598,167
Additions acquired separately	1,709,460	1,709,460
At 31 December 2024	2,307,627	2,307,627
Amortisation
At 1 December 2023	59,817	59,817
Amortisation charge	147,270	147,270
At 31 December 2024	207,087	207,087
Carrying amount
At 31 December 2024	2,100,540	2,100,540
At 30 November 2023	538,350	538,350

5

Stocks

	2024 £	2023 £
Stock of horses	8,366,390	2,221,235

6

Debtors

Current	2024 £	2023 £
Trade debtors	68,481	1,743,832
Other debtors	3,643,733	-
	3,712,214	1,743,832

7

Creditors

Creditors: amounts falling due within one year

First Bloodstock Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 December 2024

	2024 £	2023 £
Due within one year
Trade creditors	2,701,489	743,809
Taxation and social security	-	16,549
Accruals and deferred income	4,000	2,000
Other creditors	12,918,253	4,628,657
	15,623,742	5,391,015

8	Related party transactions

Silver Racing Limited
The company sold horses during the period to Silver Racing Limited, a company under common ownership and with mutual directors, totalling £1,225,010 .

As at the year end, £1,358,693 (2023 - £1,630,432) was due from Silver Racing Limited and is included in other debtors.

Loans from participator
The company received interest free loans from a participator and £9,385,121 (2023 - £nil) was outstanding at the year end.

Director loans
The company received interest free loans from a participator and £3,533,132 (2023 - £4,628,656) was outstanding at the year end.

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	10,000	10,000	10,000	10,000

10	Parent and ultimate parent undertaking

The ultimate controlling party is A G Bloom.